Industry

McDermott wins multiple EPFC contracts for storage tanks in Saudi Arabia

16201083158 f1ed0425f5 cUS-based McDermott International said that its CB&I Storage Solutions has been awarded one large and two sizeable contracts for the engineering, procurement, fabrication and construction (EPFC) of 38 tanks and 13 spheres in multiple locations across Saudi Arabia

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Middle East to occupy third place in terms of hydrocracking unit capacity growth by 2024

middle eastMiddle East will be the third largest region in the world with an additional capacity of 325 mbd by 2024, according to data and analytics company GlobalData

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Shareholders prioritised as big oil’s first quarter earnings slump, says GlobalData

oil platform 484859 640Earnings of major international oil and gas producing companies have suffered in the first quarter of 2020 resulting from weaker product demand and lower realised oil and gas prices

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Moody’s reaffirms APICORP’s credit rating to ‘Aa2’ with ‘stable’ outlook

apicorpThe Arab Petroleum Investments Corporation (APICORP), a multilateral development financial institution, has announced that its ‘Aa2’ rating with a ‘stable’ outlook was reaffirmed by Moody’s Investor Service despite current economic and market shocks

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Supply chains uninterrupted despite coronavirus: Saudi Aramco

Fadhili Gas Plant Project04Saudi Aramco said that despite the new coronavirus outbreak, its operations and supply chains were uninterrupted

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